The global aerospace adhesives and sealants market size is anticipated to cross around USD 2.03 billion by 2034 from USD 1.12 billion in 2024 with a notable CAGR of 6.03%.
Get Sample Copy of Report@ https://www.precedenceresearch.com/sample/1121
Key Points
- With a revenue share exceeding 40.24%, North America dominated the market in 2023.
- The epoxy segment emerged as the leading category in adhesive resins for 2023.
- Forecasts suggest that the translation research segment will expand at an impressive CAGR from 2024 to 2034.
Dynamics
Driving Factors for Market Growth
The need for advanced adhesives and sealants in modern aircraft is driving market expansion. Increasing global air traffic, coupled with the demand for more fuel-efficient aircraft, has resulted in a shift toward lightweight bonding solutions. The growing use of composites and other innovative materials in aircraft manufacturing has further boosted the adoption of aerospace adhesives and sealants.
Future Market Prospects
Developments in adhesive formulations, including bio-based and low-VOC adhesives, offer new growth opportunities. The rising trend of retrofitting older aircraft with advanced adhesives is contributing to market expansion. Additionally, increasing defense spending and space exploration projects are expected to fuel demand for high-performance aerospace adhesives.
Barriers to Market Growth
The high cost of aerospace-grade adhesives and sealants poses a challenge to market penetration. Stringent regulatory requirements make it difficult for new entrants to introduce innovative products. Additionally, limitations in adhesive performance under extreme conditions remain a key concern for manufacturers.
Regional Growth Analysis
The United States leads the aerospace adhesives and sealants market, driven by robust aircraft manufacturing and defense contracts. Europe’s strong aviation sector continues to support market expansion. The Asia-Pacific region is experiencing rapid growth due to increasing air travel and government investments in aerospace technology. The Middle East and Latin America are also witnessing steady growth, supported by increasing aircraft maintenance and repair activities.
Aerospace Adhesives & Sealants Market Companies
- B. Fuller
- Henkel Corporation
- 3M
- PPG Industries Inc.
- Huntsman International LLC
- Cytec Solvay Group
- Dowdupont
- Bostik
- Lord Corporation (Parker Hannifin Corp)
- Hexcel Corporation
Recent Developments
- In March 2024, Henkel inaugurated a new production facility in California to cater specifically to the aerospace industry. This facility will focus on providing advanced adhesives for commercial and military aircraft, ensuring greater production efficiency and innovation.
- In April of 2024, in line with sustainability trends, H.B. Fuller introduced a new line of environmentally friendly aerospace adhesives. These new adhesives are designed to reduce the carbon footprint of aircraft manufacturing by utilizing ecofriendly materials without compromising on performance.
Segments Covered in the Report
By Technology
- Solvent-based
- Water-based
- Others (Polysulfide, Cyanoacrylate, Structural Acrylics, Methyl Methacrylate, Polyester,etc.)
By Sealants Resin
- Silicone
- Polysulfide
- Others
By Adhesive Resin
- Polyurethane
- Epoxy
- Others
By Aircraft
- Military
- Commercial
- Others
By User Type
- OEM
- MRO
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Ready for more? Dive into the full experience on our website@ https://www.precedenceresearch.com/
